RudyAsh
12 Apr 24
BlackRock, a financial giant with $10.5 trillion in assets under management, reported robust Q1 2024 earnings. The company experienced net inflows of $76 billion and an 11% year-over-year surge in revenue. Approximately half of BlackRock's assets are managed for institutional clients, with 44% of fe...
BlackRock, a financial giant with $10.5 trillion in assets under management, reported robust Q1 2024 earnings. The company experienced net inflows of $76 billion and an 11% year-over-year surge in revenue. Approximately half of BlackRock's assets are managed for institutional clients, with 44% of fees generated through active management. BlackRock is keen on expanding its market share, particularly in infrastructure investments and retirement solutions. The company continues to launch successful new ETFs, indicating a strategic focus on diversification and innovation.
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